| MP latest price $11.5300 (0.61%) ($11.5000 - $12.0700) on Wed. Nov. 4, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.06% (three month average) |
RSI | 19 |
Latest Price | $11.5300(0.61%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 0.5% a day on average for past five trading days. |
Weekly Trend | MP declines -9.7% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Rotation from value to growth for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) IWM(57%) IWO(57%) IWC(56%) IDRV(55%) REMX(55%) |
Factors Impacting MP price | MP will decline at least -1.53% in a week (0% probabilities). VIXM(-27%) UUP(-18%) VXX(-12%) TLT(-8%) EDOC(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.53% (StdDev 3.06%) |
Hourly BBV | 0 () |
Intraday Trend | -0.6% |
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